NerdWallet: Rent doesn’t have to be a four-letter word for retirees. Here’s when some experts say renting can be a smart move.

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Some people rent in retirement because they don’t have much choice; they can’t afford to own homes. But financial planners say renting can make more sense than owning in some circumstances, even for retirees who can afford the costs of homeownership.

Renting offers flexibility as well as freedom from…